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GATA Articles ( Gold Anti Trust Action )

Smithys Bullion - FINE GOLD AND SILVER
Kooka30

Kooka30

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I receive the GATA Digest ( www.GATA.org ) as an email. It often has some very good & interesting articles from around the world of Gold & Silver.

2 interesting articles on Gold - just a summery.
#1 Gold sellers in the NYC Diamond district ran out of cash due to the huge number of people cashing in all manner of gold items.
#2 Investors in Hong Kong tripled their Precious Metals holdings from a year ago.

Good indication of mind set & thinking - The west is SELLING, whilst the east is BUYING.

I wonder who will be the winners & losers in the long term ?

Kooka30
 
I wonder what % of the gold selling in NYC is stolen property.
 

China snaps up mines around the world in rush to secure resources​

That's the latest headline from a GATA Article.

Most of the stupid Western Countries have placed their faith in fiat currencies, ultimately backed by the USD. ( Eg, AUS is the Worlds 3'rd largest Gold Miner, yet AUS only holds 80 tons of Gold, store in England & to my knowledge, hasn't been seen/audited in decades. So unknown if it's actually there ).

Many Eastern & Developing countries are putting their faith in " GOLD " & hard asset/resources. ( Eg, CHN is the worlds largest producer of Gold, yet Gold is banned from being exported out of the country. The even buy Gold on the world market. I think they have A LOT more than the official reported 2,200 odd tons ). If u look at the reports of who's buying Gold on the open markets, the buying is dominated by the eastern countries & developing countries.

Smart countries are securing hard assets/resources for the coming financial collapse or at minimum a Monetary Reset. Another article I read previously is that both Germany & Finland ( I think, was definitely another EU country in there ) are making moves to have their Gold repatriated from the USA. As they say - if u don't hold it, u don't own it - Stupid countries, like AUS, that have there own Gold stored OS are fools if they think it will be available to them in a financial collapse, when each country will be desperate just to maintain itself.

CHN is buying mines/resources in other countries, but I think they are building a Military that will be capable of backing up their claim of ownership.

" If u don't hold it, u don't own it " :cool:
 
Read an article yesterday about Mali nationalizing the Barrick Gold mine that the have been in dispute with Barrick about payments since January 2025.

Mali 🤡 said they will sell 1 ton of the refined Gold that's in storage & get the mine back into production. All of the Key Strategic Barrick people & contractor have already shut down & left Mali.

Mali 😂 The 1/2 wit morons they scrape up to try & get the plant back into production will quickly fuck it all up & they will probably never produce even an oz of Gold.

I worked as a fitter in an Aluminum Smelter/Casting Plant/Rolling Mill. The main end product was sheet for drink cans. At the time AUS was consuming around 20 million cans a DAY ! So it was big biz.

But from Alumina ( looks a bit like bright white sand ) shipped in by boat to coils of can sheet trucked out to can manufacturers was a FUCKING COMPLEX process. The amount of Skilled people & Technology require is staggering & anyone not involved in industry has no concept of the complexity involved. ( I was there 1980's was built 1960's but constant upgrading )

Mali 🤡 will fuck this up real quick :ROFLMAO:
 
I have a similar sentiment for Gold as I have for Silver.

If gold holds above $3,300 + USD thru till the end of the month. It will be a strong psychological base for further advances into the 2'nd 1/2 of the years progression.

Just my opinion that if Gold can finish out this year above $3,800 + 2026 could see a move to $4,000 + USD mark.

$100's $ level are psychological barriers that can turn to support. $1,000's $ levels are even stronger barriers/supports.

Looking back a bit more than a year on a Gold chart, I thought it was a bit 😲 Gold took off from $2,000 USD & just march to $3,000 USD & didn't really slow until it popped thru $3,500 USD. It's settled back to $3,300 + USD & that seems to be a strong support area.

I'm not trading my Gold at all. It's strictly a hold/insurance for the future if needed. But to see Gold Trade past $4,000 USD in 2026 will be significant I think :cool:
 
Kooka30 said:
Read an article yesterday about Mali nationalizing the Barrick Gold mine that the have been in dispute with Barrick about payments since January 2025.

Mali 🤡 said they will sell 1 ton of the refined Gold that's in storage & get the mine back into production. All of the Key Strategic Barrick people & contractor have already shut down & left Mali.

Mali 😂 The 1/2 wit morons they scrape up to try & get the plant back into production will quickly fuck it all up & they will probably never produce even an oz of Gold.

I worked as a fitter in an Aluminum Smelter/Casting Plant/Rolling Mill. The main end product was sheet for drink cans. At the time AUS was consuming around 20 million cans a DAY ! So it was big biz.

But from Alumina ( looks a bit like bright white sand ) shipped in by boat to coils of can sheet trucked out to can manufacturers was a FUCKING COMPLEX process. The amount of Skilled people & Technology require is staggering & anyone not involved in industry has no concept of the complexity involved. ( I was there 1980's was built 1960's but constant upgrading )

Mali 🤡 will fuck this up real quick :ROFLMAO:
Click to expand...
I agree and disagree with this. Yes they couldn't run a project like this with local people but they can import people who can. I guarantee that China will go in there and do it for them. Difference being if they fuck around with China they will learn the difference between American human rights and Chinese.
China will just stomp them and world won't do anything about it because of the obvious nuclear deterrent effect
 
Serial said:
I agree and disagree with this. Yes they couldn't run a project like this with local people but they can import people who can. I guarantee that China will go in there and do it for them. Difference being if they fuck around with China they will learn the difference between American human rights and Chinese.
China will just stomp them and world won't do anything about it because of the obvious nuclear deterrent effect
Click to expand...
Mmm, u say they can import people. But that's exactly what Barrick Gold was. An imported company to run & managed a Mali Gold mining operation.

That the Mali Gov is broke & needs more money than they originally signed a deal with Barrick is really not Barrick's problem , so they raid Barrick. Why would a Chinese or any other Countries Mining Operation put themselves into the same Position as Barrick ?

Nuclear deterrent, China, human rights - I'm not seeing the connections u are talking to.

This is a mining operation. Rule of law.

Mali - u make the rules - ok I will operate on those rules - I mine & I pay as our contract specifies - Mali wants to change the rules mid game - sorry I don't want/can't operate under ur new rules.

Who's the bad actor in this situation ? Why would anyone else put themselves in this situation, when Mali is known to change the rules mid game because of their bad management & then they are going to rob u.
 
they are on the opposite ends
barrick want the gold for free, China will pay for what they get, there are always abuse, steal rob etc
West Vs Global South
Former Colonialism not the same as Multi polar worlds
 
alor said:
they are on the opposite ends
barrick want the gold for free, China will pay for what they get, there are always abuse, steal rob etc
West Vs Global South
Former Colonialism not the same as Multi polar worlds
Click to expand...
Sorry, but I don't understand - who's on opposite ends ?
Barrick was paying Mali for mining rights.
So are u saying China will pay, but they will rob, steal, abuse also ?
What is " former colonialism against multi polar world "
I'm not sure of ur meaning ?
 
alor said:
they are on the opposite ends
barrick want the gold for free, China will pay for what they get, there are always abuse, steal rob etc
West Vs Global South
Former Colonialism not the same as Multi polar worlds
Click to expand...
🤣
China will pay the corrupt leaders and kill anyone else who gets in their way.
Dont pretend that their actions are purely magnanimous, they are the masters atm of foreign country resources acquisition using debt and usuary.
Not saying that western companies don't engage corrupt governments for personnel gaun. Difference is that western governments/societies hold them to a much higher standard whereas China encourages any behaviour that benefits its regime
 
Serial said:
🤣
China will pay the corrupt leaders and kill anyone else who gets in their way.
Dont pretend that their actions are purely magnanimous, they are the masters atm of foreign country resources acquisition using debt and usuary.
Not saying that western companies don't engage corrupt governments for personnel gaun. Difference is that western governments/societies hold them to a much higher standard whereas China encourages any behaviour that benefits its regime
Click to expand...
This just my opinion from what I have read & view over many years.

Chinese leadership, society & down to the individual level apparently see/think that corruption/bribery/blackmail/threats/violence are just a part of doing business & transacting even on a personal level. I'm sure there a many good people in China. The fact that they have no Gov or Societal safety net or support structure means that everyone is in competition & if ur a looser there is nothing to stop ur fall back into absolute poverty

It seems to me that this type of system/structure of corruption/exploitation means that everyone will use any means necessary ( corruption/bribery/blackmail/threats/violence ) to not become a looser 😔

Just my opinion/point of view.
 
New GATA article -

China may be secretly stockpiling gold. Why that spells trouble for the U.S. dollar​

Submitted by admin on 08:52AM ET Thursday, July 17, 2025

No Shit Sherlock 😂 China is the worlds #1 Gold Producer & Imports Gold. No gold is allowed to leave China. Anyone that really thinks China has about 2,200 tons of Gold, must live under a rock.

The Chinese are stashing away as much Gold ( & every other hard asset ) that they can get their hands on, waiting out the collapse of Western Fiat Currencies.

:cool:
 
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